A few years ago I happened to read an article where it talked about entire ghost towns, built during the economic growth, but uninhabited today. Incredible.

Oh heck no.  With the threat of eminent domain being very real, there is no way I would voluntarily allow the government to have even more of a foothold on the property that I own.  This is crazy.  If my wife and I ever move again we should likely be in a much better place than the first time we bought a house.

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> "we will take stake in your house - with your money"

Seriously? What happens if you foreclose? What happens if the housing market crashes and you sell? The government already owns enough of me. Honest to God, it makes me want to see this house I live in, with no debt, bailout while the prices are high, move into the second home over on the Shore and wait for the crash. You know it is coming. Then let the dust settle and build or buy a new house for a fraction of the cost. It's a great plan, but, it makes me feel slightly criminal. 

This is going to come and get us too, I suspect. 

Yeah, I also anticipate a 2008 event any time now.  Banks and the big boys want to make money and secure ownership for them.   Events like these help immensely in the money grabs by the elites and propel agenda 21 where you will own nothing and be happy. Sad that evil finds it necessary to exist and good people do little to stop it. 

>even if there is the dream some have of a "benevolent dictator" that works in the best interest of the people

https://www.youtube.com/watch?v=MpOF1NHowdQ

>you either die a hero or live long enough to see yourself become the villain...

Here in UK was something similar, with 5% your deposit and 20% state owned, but it was tricky, as 5 years the interest was zero, and after that, if you did not pay it, they will charge you interest first and principal second, so basically they will get your hard work money. Quite misleading advertising also.



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There are limitations on the 25% involvement from Vic Gov and it is for basic homes nothing fancy. There is a limit of only 3000 spots not a large enough stake in the tens of thousands of homes each year. It is similar to what the UK has. 

The issue is housing as a commodity and investment, shouldn't be allowed then housing would not spiral out of control. We also have negative gearing at a level many nations do not have. 

You get paid to take a loss on housing. 

Yeah, interest rates are going to suck. They're coming. 

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Almost everybody likes taking out those 2nd mortgages on homes when the market's going up and then they go buy multiple other properties. I've seen it work well for some and end horribly for others. Wish people would be honest and call it what it is - gambling.

>where the global financial institutions and large players will take their profits and then dump onto the markets, sending the global economy into a tailspin. Don't worry about this though, because when it gets low enough, they will buy back in cheap from all the people who had to sell to cover their debts and the cycle can start again. Just like always.

This keeps happening over and over again, the rich get richer and the poor get poorer 😒.

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Increasing interest rate is unavoidable for the country economy growth but 0.25 % look little too much as this current time period where most of  the people around the Australia still not finanicially well to bear this rate.Never ever trust government wordings as they are politician and always control the population on false promises. Hope one day crypto will kick them out of mainstream of economy and make the people have freedom to take their own decesion for their financial problem.

Excellent article, this is news to me about "government stake" in housing costs!
I expect we will see it eventually in USA too.

Interest rates will continue to increase all over the world in coming years due to the increase at commodity and oil prices and printing money during the pandemic.

Consrruction sector is the savior of the goverments in such a economic conditions in the world. Because the sector is related to more than 150 other sectors.

So instead of traditional debt, they are offering a way to lose almost everything if you sell in a bad market? Combined with Covid, this promises to make plenty of people miserable.



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